Tuath Housing ramps up investment in new homes as it marks 2,000th Cost Rental delivery

Tuath Housing today revealed it invested €865 million in the acquisition and construction of new homes during 2025, as it called for continued large-scale delivery of social and affordable housing.

Tuath, Ireland’s largest Approved Housing Body, delivered 2,268 homes during 2025, bringing the total number of homes under its management to approximately 18,000 and housing around 42,000 people nationwide.

Tuath today launched its 2025 Annual Report as it officially opened the Coolevally development in Shankill, Dublin, in the presence of Cllr Barry Saul, Cathaoirleach of Dún Laoghaire-Rathdown County Council and Minister for Housing, Local Government and Heritage, James Browne TD.

The report highlights continuing demand for affordable housing, particularly among households above social housing income thresholds but unable to afford private rents.

Tuath recently surpassed 2,000 Cost Rental homes nationwide, becoming the leading provider of Cost Rental housing in Ireland. The milestone reflects the rapid growth of the tenure and its increasing importance in providing secure, long-term rental homes for working households who are often caught between social housing eligibility and the private rental market.

The organisation said secure affordable rental housing can also support wider housing supply by helping unlock mixed-tenure developments and easing pressure within the private rental market.

New homes in a mixed-tenure community

The Coolevally development in Shankill, where the report was launched, includes 198 one and two-bedroom apartments, comprising 104 Cost Rental homes provided in April 2026 and 94 social homes provided in late 2025. Tuath experienced significant demand for the Cost Rental homes at Coolevally, with 4,237 applications for the 104 apartments.

Coolevally has been provided by Tuath in partnership with Dún Laoghaire-Rathdown County Council and Cairn. This delivery was supported by funding from the Department of Housing, Local Government and Heritage, the Housing Agency and the Housing Finance Agency.

It marks another milestone in the relationship between Tuath and Dún Laoghaire-Rathdown County Council, with the Housing Body now managing over 770 homes in this local authority area, and with over 420 homes scheduled in their joint delivery pipeline.

“The sector must continue to evolve”

Sean O’Connor, Chief Executive of Tuath Housing, said: “The ongoing focus on increasing the delivery of new homes is right and proper and must be accompanied by a laser focus on reducing the cost of production and the cost of new homes; thereby improving affordability across all tenures.

“The support and funding model developed by Government, the Department of Housing, Local Government and Heritage, the Housing Agency and Housing Finance Agency has been critical in enabling Approved Housing Bodies to scale delivery nationally.

“If we are to continue delivering homes at the level required, the sector must continue to evolve with a strong focus on long-term financial sustainability, efficient delivery and reducing construction costs across the system.

“There is also an opportunity for greater collaboration and consolidation within the Approved Housing Body sector to strengthen delivery capacity, improve efficiency and support the long-term sustainability of the sector overall.”

Speaking at the launch, Cllr Barry Saul, Cathaoirleach of Dún Laoghaire-Rathdown County Council said: “Dún Laoghaire-Rathdown County Council is proud to partner with Tuath Housing on developments like Coolevally in Shankill, which are delivering high-quality homes for our communities. This significant level of investment highlights what can be achieved through strong collaboration and a shared commitment to addressing housing need. As demand continues to grow, it is essential that we support models such as Cost Rental and scale up delivery to ensure more people can access secure, affordable homes in our county.”

Minister for Housing, Local Government and Heritage, James Browne TD said; “This Government is delivering an unprecedented level of new social and affordable housing, with Approved Housing Bodies like Tuath playing a vital role as key delivery partners. This development here in Shankill is an excellent example of that partnership in action.Through the Housing Action Plan, Delivering Homes, Building Communities, we are making a record investment to provide 90,000 affordable housing supports and deliver 72,000 social homes, while working towards ending homelessness by 2030.

“Supporting Approved Housing Bodies is central to achieving these ambitious targets. We are committed to strengthening their capacity, delivery capability and specialist expertise so they can operate at scale. By empowering AHBs to grow and deliver, we can accelerate homebuilding and create lasting, positive change for people and communities across the country.”

Michael Stanley, Chief Executive Officer of Cairn, said: “We are proud to have partnered with Tuath Housing and Dun Laoghaire-Rathdown County Council to deliver almost 200 homes for over 500 new residents at Coolevally in Shankill. This is a development that will make a real difference, giving more people access to high quality, affordable homes in a well-connected location, just a short walk from Shankill DART station. Coolevally has been thoughtfully planned to support everyday living, with shared amenity space and landscaped outdoor areas that help create a strong sense of community.”

Read Tuath’s Annual Report 2025 here: 0589_Tuath Housing Annual Report 2025.indd